Cheniere and CPC Sign 25-Year LNG SPA
Posted on Aug 20, 2018
Cheniere Energy, Inc. announced that its subsidiary Cheniere Marketing International LLP has entered into an LNG sale and purchase agreement (SPA) with CPC Corporation, Taiwan (CPC). CPC has agreed to purchase approximately 2 million tonnes per annum of LNG from Cheniere Marketing on a delivered ex-ship basis for a term of 25 years, beginning in 2021. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a...
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United States and Panama to Sign Regional LNG Expansion Pact
Posted on Aug 20, 2018
Reuters reports that the United States and Panama will sign an agreement intended to expand private investment to allow greater U.S. LNG access to Latin American countries. Under the proposal, U.S. LNG supplies would be shipped to the new AES Colón LNG terminal in Panama and then distributed to countries the region.
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Venture Global LNG Announces Additional $160 Million in Funding
Posted on Aug 20, 2018
Venture Global LNG, Inc. announced that it has raised additional private capital of approximately $160 million, bringing funding to a total of $630 million to support the development of both the proposed 10 million tonnes per annum (MTPA) Calcasieu Pass liquefaction and export terminal on the Gulf of Mexico and the proposed 20 MTPA Plaquemines LNG liquefaction and export terminal on the Mississippi...
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Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility
Posted on Aug 20, 2018
Reuters reports that Pieridae Energy, sponsor of the proposed Goldboro LNG terminal in Nova Scotia, is negotiating with Swiss energy company Axpo for a 10-year LNG supply deal. Axpo would buy the LNG from Goldboro’s second train for sales across Europe, with deliveries estimated to begin in the third quarter of 2023.
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DOE Releases U.S. LNG Export Data for June 2018
Posted on Aug 15, 2018
The U.S. Department of Energy (DOE) has released data on U.S. LNG exports covering year to date through June 2018. The data shows the following LNG export shipments from the Dominion Energy Cove Point Terminal in Lusby, Md., which began LNG exporting in March 2018: six shipments to Japan, two each to Jordan and Kuwait, and one each to Argentina, Dominican Republic, Mexico, Pakistan, Panama, and United Kingdom. The shipments total 46,428,159 MMcf, and export point prices ranged from $5.27 to...
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NextDecade Sells $50 Million in Convertible Stock
Posted on Aug 8, 2018
NextDecade Corporation (NextDecade) announced that it has agreed to sell $50 million of convertible preferred stock: $35 million worth to HGC NEXT INV, LLC and $15 million worth to funds and accounts managed by each of York Capital Management Global Advisors, LLC and its affiliates, Valinor Management, L.P., and Halcyon Capital Management LP. According to the press release, NextDecade intends to use the proceeds of the stock sale to continue developing its proposed Rio Grande LNG terminal facility on the Brownsville, Texas, ship channel, associated pipelines in South Texas, and for general...
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DOE Resets Jordan Cove LNG Export Start Date
Posted on Jul 31, 2018
The U.S. Department of Energy (DOE) has issued an order granting Jordan Cove Energy Project’s (JCEP) request to amend its existing authority to export LNG to nations with a Free Trade Agreement with the United States from its proposed LNG terminal at Coos Bay, Ore. The order resets the date by which LNG exports must commence from December 7, 2021 to July 20, 2028, and lowers the authorized LNG export volume from 438 Bcf/yr to 395 Bcf/yr to match the terminal capacity reflected in JCEP’s renewed application pending before FERC for authorization to construct the terminal facility....
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